Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSerica Energy Share News (SQZ)

Share Price Information for Serica Energy (SQZ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 135.90
Bid: 135.30
Ask: 136.00
Change: 3.10 (2.33%)
Spread: 0.70 (0.517%)
Open: 136.00
High: 140.80
Low: 134.40
Prev. Close: 132.80
SQZ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Smiths gets Euros sticker boost; Hotel Chocolat grows

Tue, 13th Jul 2021 14:06

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

----------

Smiths News PLC - Swindon, England-based newspaper and magazine wholesaler - Says performance in 43 weeks to June 26 ahead of market expectations. Smiths News ends financial year on August 28. Smiths says boosted by return of major sporting events, the delayed UEFA European Football Championships in particular. Company notes event drove growth in sales of one-shots, stickers and albums, generating a GBP1 million one-off boost to earnings before interest, tax, depreciation and amortisation for full-year. Smiths adds: "Given the continued strong performance of the business, together with the one-off benefit to sticker and album sales this year, the board expects full year adjusted Ebitda to be ahead of market expectations."

----------

Hotel Chocolat Group PLC - Royston, Hertfordshire-based chocolatier - Says revenue in year ended June 27 totals GBP165 million, up 21% year-on-year and rises 24% from financial 2019, pre-virus. Says underlying pretax profit to top board expectations. "Group trading has remained strong. With all channels open, group sales for the 10 weeks from 19 April 2021 to 27 June 2021 grew 34% compared to the same period in 2019, and 63% compared to the same period in 2020 when all physical locations were closed," company adds. Chief Executive Angus Thirlwell says company plans to create 250 new roles this year, "from designers and data gurus to engineers and apprentices". Thirlwell adds: "I am particularly excited by what we have achieved so far in the USA and Japan, two of the three largest economies in the world. We have great growth opportunities there for Hotel Chocolat and strong teams in place to drive and support it."

----------

Brandshield Systems PLC - Israel-based cybersecurity solutions provider - Says wins deal with merchandise arm of a "celebrity franchise". Says deal related to online abuse of brand, as well as counterfeit merchandise. "The customer will use BrandShield's capabilities in detecting brand abuse across standalone websites, eCommerce marketplaces and social media networks," Brandshield says. "The use of BrandShield to protected companies such as the new celebrity merchandising company is targeted to protect the revenues of the customer, since the sale of counterfeits directly affects the bottom line, as well as protect against fraudsters who use impersonating methods to deceive users."

----------

1Spatial PLC - Cambridge, England-based location data management software provider - Says 1Integrate rules engine software adapted to support 3D data entry. Will mean platform can now manage aspects such as solar panel capacity, building occupancy levels and sunlight availability. "These are typical requirements for facilities management, smart cities or infrastructure management sectors," 1Spatial adds.

----------

Belluscura PLC - London-based oxygen enrichment technology developer - Lands third US distribution pact for X-PLO2R oxygen concentrator range. The deal is with a durable medical equipment provider located in Midwest region of US.

----------

Hutchmed (China) Ltd - Hong-Kong-based pharmaceutical company - Makes first China commercial sale of orpathys, or savolitinib, cancer treatment. Sale comes three weeks after drug received regulatory approval. As part of terms of license pact with AstraZeneca PLC, company to land USD25 million milestone payment.

----------

Symphony Environmental Technologies PLC - Hertfordshire-based firm that turns plastic into biodegradable material - Says revenue in six months ended June 30 improves yearly to GBP4.9 million from GBP4.8 million. On constant currency basis, improvement is 13% to GBP5.4 million. Expects to swing to GBP500,000 operating loss from GBP40,000 profit. Tips 2021 results to be in line with market expectations.

----------

Mosman Oil & Gas Ltd - London-based metals exploration and development company - Agrees to farm-in extra 6% interest in Winters Lease, Texas, lifting stake to 29%. Mosman to pay USD12,000 for past costs, as well as 8% of next well costs. At Winters-2 well, Mosman notes Nadsoilco LLC is now preparing to drill. Mosman adds: "Funding of the farm-in and the drilling costs of USD150,000 will be from existing cash resources."

----------

Castillo Copper Ltd - base metal explorer focused on Australia and Zambia - Trading of shares in Sydney halted. Castillo requested halt pending announcement related to exploration results, expected on Thursday. "Trading in the company's ordinary securities will continue on the London Stock Exchange during this period," Castillo adds.

----------

Blencowe Resources PLC - natural resources company focused on the development of the Orom-Cross graphite project in Uganda - Reports results from metallurgical test work at Orom-Cross conducted by technical consultants SGS Lakefield. Says concentrate grades ranged at "top end of the spectrum", between 97% and 98% total graphite content. Compares favourably to Blencowe's target of 94%.

----------

Pure Gold Mining Inc - operates mine in Red Lake, Ontario, Canada - Total gold output in second quarter of 2021 rises 46% to 6,261 ounces from 4,291 ounces in first quarter. Also notes "high-grade" results from underground drilling at PureGold Mine, Canada. Notes first ore output in East Ramp of asset achieved.

----------

Block Energy PLC - development and production company focused on Georgia - Says 42,600 barrels of oil equivalent per day produced in second quarter, down 4.1% from 44,400 in first quarter. "Although WR-38Z was on production for the whole of Q2 compared to only two months in Q1, this was outweighed by the natural decline of the wells," Block Energy says. Sells 15,600 barrels of oil in second quarter, netting USD960,000, down from 26,300 barrels in first quarter. First quarter sales amounted to USD1.4 million.

----------

Kistos PLC - London-based energy sector investor - Says first half output at Q10-A gas field in the Netherlands averages 48 million cubic feet per day. Expects field to end 2021 with production of around 71 million cf/d. "We have a busy schedule in the second half of 2021, which we hope and expect will result in strong organic growth in our production from 2023 onwards. In the meantime, we will seek to deploy our balance sheet strength to make further acquisitions that meet our criteria. We look forward to reporting on further progress as the year unfolds," Interim Chief Executive Officer Andrew Austin says.

----------

DP Poland PLC - franchise in Poland for Domino's Pizza - Says average daily dine-in sales improve to PLN122,900, about GBP22,997, in period from May 18 to June 30, from PLN63,300 in period between May 1 and May 17. In June alone, dine-in business improves 25%, but still down 24% from two years earlier, before onset of Covid-19. System sales in June rise 5% to PLN13.8 million from PLN13.1 million. Down 5% from PLN14.5 million in June 2019.

----------

Ariana Resources PLC - London-based mineral exploration and development company - Launches Asgard Metals Fund, focused on investments in discovery-stage exploration firms which show "early development potential". Ariana adds: "Projects may be located anywhere across the Eastern Hemisphere and within easy reach of Ariana's operational hubs in Australia, Turkey and the UK."

----------

Serica Energy PLC - London-based oil & gas company - Reports flow test results from Columbus development well in UK North Sea. Says stabilised flow rate of 38.0 million standard cubic feet per day achieved. "We are delighted to have achieved the objectives of this challenging but ultimately very successful campaign," Chief Executive Mitch Flegg.

----------

President Energy PLC - energy company with assets focused primarily in South America - Says new oil treatment site at Rio Negro asset, Argentina "partially in service". Full capacity expected before end of July, later than planned due to Covid-19-related delays. At Puesto Guardian, also in Argentina, first of three new firm oil wells penned to be spudded in first half of October, as planned. While in Paraguay, regulatory approval process for Pirity concession farmout "progressing positively".

----------

Atalaya Mining PLC - Cyprus-based copper concentrates and silver by-product producer - Copper output rises 5.3% annually in second quarter to 14,353 tonnes, from 13,635 tonnes. "Despite ongoing Covid-19 restrictions, mining operations have continued normally with higher production levels compared with previous quarters," Atalaya says. Backs 2021 guidance but now expects output at upper end of 52,000 tonnes to 54,000 tonnes range.

----------

Arkle Resources PLC - gold and zinc explorer & developer in Ireland - Posts results from drillhole 4 at Mine River gold project in Wicklow, Ireland. Says some grades "may be lower than expected". This is due to nugget effect, a problem sometime seen in gold deposits which may lead to value of ore being underestimated. Arkle says "visible gold was noted in three of the samples sent for analysis but returned lower grades than expected". Company adds: "During the sample preparation process nuggets may or may not make their way to the final representative sample and therefore cause a nugget affect whereby the analysis may give an over or under estimation of the overall gold grade."

----------

Proton Motor Power Systems PLC - Munich-based hydrogen fuel cell developer - Receives fifth order from GKN Powder Metallurgy. Proton Motor to supply additional PM Module S8 component which allows for "autonomous provision of energy and heat". "As for previous orders from GKN PM, the Proton Motor system will be deployed to supply self-sufficient clean power and heat in a residential setting from hydrogen generated from renewable sources," company adds. GKN is owned by FTSE 100-listed Melrose Industries PLC.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
28 Aug 2012 07:58

Cairn Energy buys half-share in Moroccan block

Oil and gas explorer Cairn Energy is to acquire a half-share in the Foum Draa block in Morocco, diluting the stakes of San Leon Energy, Serica Energy, Longreach Oil and Gas Ventures. Cairn will pay its equity interest share of past costs and the first $60m towards the costs of an exploration well,

Read more
25 Jun 2012 09:29

BP joins Serica in Namibia

Serica Energy said the Namibian government had given the thumbs up to a farm-in deal with BP. The firm said the Namibian Minister of Mines and Energy had consented to the assignment by Serica of a 30% interest in its Luderitz Basin Licence 0047. Under the terms of the farm-in, BP has agreed to ear

Read more
25 Jun 2012 08:56

Monday broker round-up

African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar

Read more
19 Jun 2012 08:24

Serica making rapid progress in Namibia

Serica Energy, an oil and gas outfit with major licence interests offshore West Africa, has said 'rapid progress' has been made at the 17,400 square kilometre licence in the Central Luderitz Basin, offshore Namibia. On June 17th the company passed the 1,500 square kilometre mark and, as a result,

Read more
1 May 2012 11:53

Serica ready to start large survey in Namibia

Oil and gas explorer Serica Energy has reported the arrival of the Polarcus Nadia, a 10-streamer seismic vessel, in Serica's Luderitz Basin Blocks 2512A, 2513A, 2513B and 2612A, which are located offshore Namibia. The cost of the survey is to be met by BP which will earn a 30% interest in the licen

Read more
15 Mar 2012 12:59

Resources round-up: Forte Energy, Ferrum, Gold Oil...

Forte Energy, a uranium company, has announced positive assay result from the final seven holes from the recent reverse circulation drilling programme completed at the A238 Prospect in Mauritania. The assay results from the programme have confirmed the mineral resource extension at a depth below t

Read more
4 Jan 2012 17:12

London close: Footsie follows Wall Street lower

Having spent most of the day seeking direction, UK investors took the hint from their US counterparts and banked some of yesterday's heavy gains. Fashion chain Next was one of the day's biggest fallers, after a cautious trading statement. The company said "despite a good final week before Christma

Read more
4 Jan 2012 10:38

London midday: Footsie back to square one

UK equities are seeking direction after a morning in which the Footsie moved in a narrow band ranging from 5689 to 5720. Fashion chain Next is a drag on the index, after a cautious trading statement. The company said "despite a good final week before Christmas, November and December sales were disa

Read more
4 Jan 2012 09:09

Serica jumps on UK offshore licence awards

Serica Energy, the oil and gas explorer, put on a spurt after announcing it had been offered two production licences in the UK government's offshore licensing programme. Block 110/8b in the East Irish Sea has been offered to Serica as operator with a 100% interest while a collection of other blocks

Read more
18 Jul 2011 15:37

Whitbread's Harrison takes a top-up

Whitbread's chief executive Andy Harrison has taken a top-up in the Costa Coffee and Premier Inn owner's shares, spending nearly £250,000. He took 16,095 shares at 1,543.6p a time and now has 177,768. Harrison's purchase comes the week after Whitbread reported a 9% rise in sales for the first quar

Read more
9 Nov 2010 15:45

Serica Energy mulls sale of Indonesia ops

Oil explorer is Serica Energy is considering selling its Indonesian assets to focus on upcoming projects in the North Sea, Western Europe and Africa. The company, which is starting a strategic review, said it would be prepared to swap Indonesian production for producing assets in the UK or Western

Read more
28 Oct 2010 08:12

Premier Oil and gang expand North Sea portfolios

Premier Oil has been awarded five new licences in the 26th UK Licensing Round, including several blocks close to its existing interests in the Central North Sea. The company, which already has a 35% interest in the potentially huge Catcher field, said the wins, announced yesterday by the Department

Read more
2 Aug 2010 07:31

Serica Energy Starts Oates Exploration Well Drilling

LONDON (Dow Jones)--Serica Energy (SQZ.LN), said Monday that drilling operations commenced at the Oates exploration well location in Block 22/19c in the U.K. Central North Sea on July 30, and said the well will be drilled by the Ensco 100 jack-up drilling rig to a depth of 10,000 feet. MAIN FACT

Read more
15 Jun 2010 07:54

Serica Energy To Carry Out FEED For Bridge Linked Platform

LONDON (Dow Jones)--Serica Energy PLC (SQZ.LN), said Tuesday that an agreement has been reached with BG International Ltd and Dana Petroleum Ltd (DNX), whereby BG will carry out Front End Engineering and Design or FEED work for a Bridge Linked Platform that will connect with the Lomond platform and

Read more
26 Mar 2010 16:30

Non-exec sells stake in Twilight distributor

Non-executive Robert Lantos has sold his entire holding of ordinary shares in Entertainment One, which owns distribution rights to the Twilight vampire films. The Entertainment One share price has almost quintupled in the past year. Lantos gained his stake and board position after he sold his Cana

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.